Following a month when the auto default rate remained steady, credit availability for new paper tightened. Those findings are among the latest observations from Cox Automotive, S&P Dow Jones Indices and Experian. Based on data through November for the S&P/Experian Consumer Credit Default Indices, the auto default rate remained unchanged at 0.77%. The November reading […] [Read More]

As an added benefit for Cherokee Media Group Premium Members, we are offering special episodes of the Auto Remarketing Podcasts featuring general sessions from Used Car Week in November. Our next special episode features a panel discussion from Auto Fin Con, including Ian Anderson of Westlake Financial, Andres Huertas of Turner Acceptance, Mary Leigh Phillips […] [Read More]

In this special episode of the Auto Remarketing Podcast, we feature "The Best CPO Dealers in the USA: Selling More Used Cars" panel discussion from Used Car Week. This panel delves into top used-car strategies from the dealer, automaker and dealer trainer vantage point, along with their takes on the most pressing and current trends […] [Read More]

J.D. Power said Tuesday it has acquired ZappyRide, an electric vehicle data company that develops white-label software and tools for automakers, electric utilities and others in the greentech space. The purchase adds to J.D. Power’s EV portfolio and kicks off a new program at the company that focuses on its EV services. The J.D. Power […] [Read More]

Along with highlighting the successes of a classic car auction that raised money for the school, Northwood University announced on Tuesday that it will honor five automobile dealers from across the United States with its annual Dealer Education Award at the National Automotive Dealers Association convention in Dallas later this month. This year’s honorees include: […] [Read More]

Dealers definitely didn’t start 2023 by buying every vehicle that rolled over the auction block, according to Black Book’s newest installment Market Insights released on Tuesday. In fact, Black Book said the estimated average weekly sales rate came in at 45% last week, as wholesale prices softened another … [Read More]

Like when two friends share a serious conversation over their beverage of choice, EFG Companies is trying to be straight with dealers about their F&I prospects this year. EFG said through its annual forecast released on Tuesday that it sees the end of record-high front-end profit coupled with … [Read More]

Oftentimes, what buy-here, pay-here operators and their related finance company underwriters check when considering an applicant is their child support status and if they’ve maintained those payments. A new TransUnion public sector analysis shed new light on how those child support activities appear on credit reports. TransUnion reported two-thirds of delinquent child support payments remain […] [Read More]

Sym-Tech Dealers Services announced Friday that it has completed its purchase of SSQ Dealer Services. The deal to acquire SSQ from Beneva Group was initially announced in November. SSQ provides vehicle protection products and services to dealers in Quebec, giving Sym-Tech a greater presence in that province. “We are excited to close the acquisition of […] [Read More]

December marked the largest annualized decrease in the history of the Manheim Used Vehicle Value Index. However, this downturn comes at the end of an “extremely volatile” three years for the used-car market, which saw historic increases in price the year before, says Jonathan Smoke, chief economist of Manheim parent Cox Automotive. And that volatility […] [Read More]